PITTSBURGH & SCHIEDAM, the Netherlands--(BUSINESS WIRE)--Evoqua Water Technologies today announced it has completed the acquisition of privately held Magneto Special Anodes B.V. with operations in Schiedam, the Netherlands and Suzhou, China. The Magneto business is a leader in the development and manufacture of anodes for the electrochemical industry and refurbishment of electrochlorination cells for seawater electrolysis. The company has approximately 120 employees across its two locations in Schiedam, the Netherlands and Suzhou, China. Terms were not disclosed.
The Magneto business will be combined with Evoqua’s existing anode business, which operates under the Optima brand and is based in Union, NJ. The new Evoqua Anodes business segment will be led by Pieter Hack, the managing director of the Magneto business and will become a part of Evoqua’s Products & Technologies division reporting to Stefan Abramo. The new business segment will have sales and manufacturing footprints in North America, Europe and Asia and will serve customers in a number of key vertical markets.
“Magneto is a very complementary business to Evoqua and as a result of our combination, we see accelerated growth potential across geographies and end-markets for anodes,” said Ron Keating, Evoqua Chief Executive Officer. “We use specialty anodes in a number of our products and technologies ranging from EDI and EDR to Chloropac and OSEC which will provide additional benefits to customers across our portfolio.
“Magneto has prospered through a focus on serving its customers with the optimal anode for each individual application,” said Keating. “We look to continue that focus on helping our customers and partners succeed in the market. We are pleased to welcome Pieter and the entire Magneto team to the Evoqua family.”
Magneto, founded in 1957, invented and commercialized the first inert titanium-based anodes with an active precious metal coating. The business’ products are used extensively throughout the entire electrochemical industry as well as for: cathodic protection; production of chlorine and hypo chlorite; electroplating; water purification; and hydrogen production.
The Magneto brand will join other leading brands that are part of the Evoqua family of trusted brands, including: Electrocatalytic, Envirex, Ionpure, JWI, Nexed, Memcor and Wallace & Tiernan.
“When we started this process to partner with another company there was great interest, but we wanted to team with a company like Evoqua because their focus on customers and innovation and technologies is consistent with Magneto’s,” said Pieter Hack, managing director of Magneto. “Evoqua was clearly the right fit for us to allow the business to prosper and have a dynamic future.”
About Evoqua:
Evoqua Water Technologies is the global leader in helping municipalities and industrial customers protect and improve the world's most fundamental natural resource: water. Evoqua has a more than 100-year heritage of innovation and industry firsts, market-leading expertise, and unmatched customer service, where it continues to transform water and wastewater. Its cost-effective and reliable treatment systems and services ensure uninterrupted quantity and quality of water, enable regulatory and environmental compliance, increase efficiency through water reuse, and prepare customers for next-generation demands.
Evoqua's unparalleled portfolio of proven brands, advanced technologies, mobile and emergency water supply solutions and service helps cities across the world provide and discharge clean water, and enable leisure and commercial industry to maximize productivity and profitability. For more information, visit www.evoqua.com.
